Wall Street Zen Upgrades Flex (NASDAQ:FLEX) to “Strong-Buy”

Flex (NASDAQ:FLEX) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Several other equities analysts also recently commented on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Flex in a research report on Wednesday, November 12th. Argus set a $85.00 price target on shares of Flex in a report on Friday, October 31st. Barclays raised their price target on shares of Flex from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Raymond James Financial set a $80.00 price objective on shares of Flex and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, Zacks Research lowered shares of Flex from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.78.

Flex Price Performance

Shares of Flex stock opened at $63.02 on Friday. The stock has a market cap of $23.17 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 1.54 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 1.40. The stock has a 50 day moving average price of $63.70 and a 200-day moving average price of $60.74. Flex has a one year low of $25.11 and a one year high of $72.22.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.79 by $0.08. The company had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 EPS. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. Equities analysts expect that Flex will post 2.33 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Kevin Krumm sold 21,406 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the completion of the sale, the chief financial officer directly owned 143,803 shares in the company, valued at $8,805,057.69. This represents a 12.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Daniel Wendler sold 10,000 shares of Flex stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $71.97, for a total value of $719,700.00. Following the completion of the transaction, the chief accounting officer owned 27,619 shares in the company, valued at $1,987,739.43. This trade represents a 26.58% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. MTM Investment Management LLC acquired a new stake in Flex in the second quarter valued at approximately $26,000. USA Financial Formulas purchased a new stake in shares of Flex during the 4th quarter valued at $28,000. Frazier Financial Advisors LLC acquired a new stake in shares of Flex in the 4th quarter worth $28,000. Parkside Financial Bank & Trust grew its stake in Flex by 57.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock worth $28,000 after buying an additional 166 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in Flex by 238.3% during the 3rd quarter. CENTRAL TRUST Co now owns 504 shares of the technology company’s stock valued at $29,000 after buying an additional 355 shares in the last quarter. Institutional investors own 94.30% of the company’s stock.

Flex Company Profile

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.